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August 7, 2024, 5:30 PM
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memeorandum
WeSmirchTop News
| Financial Times: |
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer — Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
More: Wired, Politico, The Register, PCMag, BBC, The Times, The Guardian, Bloomberg, BusinessLIVE, CNBC, New York Times, Fortune, Business Insider, Washington Post, Mashable, Social Media Today, NBC News, Telegraph, Mother Jones, The Independent, Inc.com, and Spectator
X: @elonmusk, @elonmusk, @mrjamesob, @jmpsimor, @marcowenjones, @mrdenmore, @annasophiegross, @adam_grant_bell, @mij_europe, @elonmusk, @sangitamyska, @johnobrennan2, @jamesrbuk, @elonmusk, @drjennings, @aaronbastani, @netblocks, @iandunt, @webdevlaw, @tomabacon, and @elonmusk
Forums: r/politics, r/inthenews, and r/ukpolitics
| Natasha Lomas / TechCrunch: |
More: Ofcom, Bloomberg, and UKTN
| Kylie Robison / The Verge: |
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales, and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customer hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.| Natalie Lung / Bloomberg: |
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% to $4.02B, vs. $4.07B est., and projects Q3 Gross Bookings below estimates; LYFT drops 12%+ — - Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time| Todd Spangler / Variety: |
Disney reports Q3 revenue up 4% YoY to $23.2B and its streaming business turned a profit, a first, with a $47M operating income, vs. a $512M loss in Q3 2023 — Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions … | Emma Roth / The Verge: |
More: PCMag, Kotaku, IGN, PhoneArena, Wired, Android Headlines, TechRadar, Digital Trends, 9to5Mac, BGR, Business Insider, and How-To Geek
Forums: r/DisneyPlus, r/technology, r/television, and Slashdot
| Etan Vlessing / The Hollywood Reporter: |
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker … | Paul Sawers / TechCrunch: |
Automattic debuts Write Brief with AI, to help users write and tweak content using text prompts, in beta on Jetpack, after launching an AI writing tool in 2023 — Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly.
More: Jetpack, SiliconANGLE, and WordPress.com News
| Spencer Soper / Bloomberg: |
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 20%+ — - Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections
More: Barron's Online, PYMNTS.com, Shopify, The Information, BetaKit, Proactive, CNBC, Investor's Business Daily, Reuters, Benzinga, and The Logic. LinkedIn: Spencer Soper
| Sarah Perez / TechCrunch: |
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.| Katharine Gemmell / Bloomberg: |
The UK CMA approves HPE's $14B deal to acquire Juniper Networks after finding no competition concerns, following the EU's unconditional approval on August 1 — The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK.
More: DatacenterDynamics, CRN, Silicon Republic, TechCrunch, The Register, and insideHPC
| The Information: |
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices — OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze's movie “Her.”
More: Patently Apple and Marcus on AI
| Max A. Cherney / Reuters: |
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal — For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.
More: Fortune, Cryptopolitan, TipRanks Financial, Neowin, CoinGape, Tom's Hardware, and COINOTAG NEWS
| Tom Warren / The Verge: |
AMD says its flagship Ryzen 9 9950X with 16 cores will launch on August 15 for $649, or $50 less than the Ryzen 9 7950X, and other new CPUs are $20-$50 cheaper — AMD has finally revealed the launch prices for its new range of Ryzen 9000 desktop CPUs, and it's pricing them slightly lower than the Ryzen 7000 launch prices.
More: TechRadar, Wccftech, ExtremeTech, HotHardware, Digital Trends, Forbes, Windows 11 Forum, XDA Developers, OC3D, PC Gamer, Club386, GamingOnLinux, Guru3D, and PCWorld
X: @amdryzen and @ghost_motley
Forums: r/pcgaming and r/hardware
| Reuters: |
Sweden's EQT plans to buy a majority stake in Swiss cybersecurity and data protection company Acronis, sources say valuing Acronis at $4B, up from $3.5B in 2022 — Sweden's EQT (EQTAB.ST) said on Wednesday it will acquire a majority stake in Swiss cybersecurity and data protection company Acronis.
More: EQT, CRN, SiliconANGLE, TechCrunch, Acronis, EU-Startups, Blocks and Files, The Register, and Channel Futures
| Ryan Browne / CNBC: |
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 units sold, down 27% YoY — Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations … | Chris Dolmetsch / Bloomberg: |
A US judge orders Ripple to pay a civil penalty of $125M for selling XRP to institutional investors, a fraction of the ~$2B the SEC had sought in the case — - Regulator had sought almost $2 billion in fines, penalties — Ripple token XRP surges on court ruling but is flat this year
More: Decrypt, CoinDesk, The Block, Blockworks, Cointelegraph, Bitcoinist.com, CryptoSlate, CryptoPotato, CoinGape, and Watcher Guru
| Bill Peters / MarketWatch: |
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023 — Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60% — Robinhood Markets Inc. reported second …
More: The Block, The Information, Reuters, Proactive, and Robinhood
X: @robinhoodapp, @thetranscript_, and @cnbcovertime
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